In a report issued on July 9, Lana Chan from BMO Capital reiterated a Hold rating on Cathay General Bancorp (NASDAQ: CATY), with a price target of $46. The company’s shares closed yesterday at $41.48.
According to TipRanks.com, Chan is a 4-star analyst with an average return of 13.3% and a 70.0% success rate. Chan covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, Huntington Bancshares Inc, and TCF Financial Corporation.
Cathay General Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $47.07, a 13.5% upside from current levels. In a report issued on June 28, Sandler O’Neill also maintained a Hold rating on the stock with a $45 price target.
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The company has a one-year high of $45.59 and a one-year low of $34. Currently, Cathay General Bancorp has an average volume of 401.8K.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock.
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Cathay General Bancorp is a holding company, which engages in the provision of financial services. It offers commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, home equity lines of credit, and installment loans to individuals for automobile, household, and other consumer expenditures. The company was founded in 1990 and is headquartered in Los Angeles, CA.
